With more than 150 years of banking history, Commerce Bank has deep roots in the regions it serves. It currently has 164 branches in the Midwest, Colorado and Texas. Commerce offers sign-up bonuses when you open a new account, although many people might not be aware of them. A recent GOBankingRates survey found that many Americans miss out on cash bonuses because they don’t research bank promotions.

Keep reading to learn more about the Commerce Bank promotions for May 2020:

Current Commerce Bank Promotions

Here are all the details for the latest Commerce Bank promotions and details on how you can earn the cash bonuses.

Save for Your Future

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Commerce Bank myRewards Savings Account: $100 Bonus

Commerce Bank wants to help you with your savings goals, and it’s providing you with an incentive to do so. Whether you’re planning a Christmas fund, saving for a down payment to purchase a home or setting up an emergency fund, you can earn up to $100 ($50 per account) every year when you make regular monthly deposits. No Commerce Bank coupon codes are required; the bonus is automatic if you meet the requirements. Here are the details:

Cash value: $50 bonus per savings account, up to $100 every year

Minimum deposit to qualify: $0

Expiration date: None

How to get it: Open a Commerce Bank checking account and a myRewards savings account and then make at least $25 per month in deposits in your savings account for 11 months in a row.

When you’ll get it: On the 12th month each year

Terms and conditions: You must make 11 consecutive monthly deposits and four or fewer withdrawals per year to qualify. You’ll also receive an annual percentage yield of 0.02% on your savings.

Monthly fees: $3, which can be waived if you sign up for paperless statements and maintain a $300 minimum balance or receive at least $25 in electronic deposits per month

Commerce Bank myRewards Money Market Account: $200 Bonus

Commerce Bank’s money market promotion works much like its savings account promotion in that you’ll get paid for saving money. When you open a money market account you’ll earn an annual bonus of 0.5% on the collected balance for the previous 12 months, which could amount to an extra $200 every year.

Cash value: Up to $200 per year

Minimum deposit to qualify: $0

Expiration date: None

How to get it: Open a Commerce Bank checking account and money market account and Commerce will pay you an extra 0.5% interest bonus on the money you saved over the year, up to $200.

When you’ll get it: The 13th month after you open your account

Terms and conditions: You must have a balance of $100 or more to earn interest.

Monthly fees: $6, which can be waived if you sign up for paperless statements and maintain a $1,000 monthly balance or receive at least $25 in electronic deposits per month

Commerce Bank Rewards Visa: $150 Bonus

Sign up for a Commerce Bank Rewards Visa credit card with no annual fee and you’ll earn 1.5% cash back on every purchase. Plus, you’ll earn a $150 sign-up bonus when you spend $1,000 in the first three months.

Cash value: $150

Minimum deposit to qualify: N/A

Expiration date: None

How to get it: Get approved and then spend $1,000 in the first three months.

When you’ll get it: Six to eight weeks after you complete your minimum spending

Terms and conditions: You can use your bonus towards your credit card balance.

Annual Cash Bonus Could Make It Worthwhile To Bank With Commerce Bank

If you want to build a savings fund, there’s no better time than the present. The latest Commerce Bank promotions will pay you a cash bonus just for saving money. And the best part is, you’ll earn a cash bonus every year.

This article has been updated with additional reporting since its original publication.

Information on promotions was sourced from banks’ websites on April 29, 2020. Additional requirements may apply. Offers and terms are subject to change.

This content is not provided by Commerce Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Commerce Bank.

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